Particle.news
Download on the App Store
4 ARTICLES
·
yesterday

Groq Raises $750 Million at $6.9 Billion Valuation to Scale AI Inference

Disruptive leads the round to back Groq's inference-first American AI Stack strategy.

Image
Image
Image

Overview

  • The new financing values Groq at $6.9 billion, more than doubling its valuation from $2.8 billion after an August 2024 round.
  • Investors include BlackRock, Neuberger Berman and Deutsche Telekom Capital Partners, plus an unnamed large West Coast mutual fund manager, with continued support from Samsung, Cisco, D1, Altimeter, 1789 Capital and Infinitum.
  • Groq says lead investor Disruptive has now committed nearly $350 million to the company.
  • The company reports it serves more than two million developers and many Fortune 500 customers and is expanding from data centers in North America, Europe and the Middle East.
  • CNA reports the startup focuses on inference chips as demand grows and notes a $1.5 billion commitment from Saudi Arabia in February, while Nvidia and AMD move deeper into inference offerings.